Ether Rally Stalls Near $2.4K as DApp Activity and Institutional Appeal Weaken

Ether has failed to hold above $2,400 for the past three months and is down 21% in 2026. DefiLlama data shows Ethereum DEX volumes fell 53% in six months and DApp revenue fell 49%, while Bitmine’s ETH holdings are worth $10.8 billion against a $12.2 billion cost basis.

ETH-1.63%
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